Investing.com - Ultra Electronics reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ultra Electronics announced earnings per share of £0.84 on revenue of £446.7M. Analysts polled by Investing.com anticipated EPS of £71.99 on revenue of £463.89M.
Ultra Electronics shares are up 5% from the beginning of the year, still down 16.93% from its 52 week high of £2,540.00 set on August 10, 2020. They are broadly in line with the STOXX 600 which is up 5.36% from the start of the year.
Ultra Electronics follows other major Capital Goods sector earnings this month
Ultra Electronics's report follows an earnings missed by BAE Systems on February 25, who reported EPS of £0.24 on revenue of £10.10B, compared to forecasts EPS of £25.70 on revenue of £11,005M.
Persimmon had missed expectations on March 3 with fourth quarter EPS of £1.25 on revenue of £2.14B, compared to forecast for EPS of £17.00 on revenue of £1,510M.
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